Allianz Asset Management GmbH Makes New Investment in Bank First National Corporation (NASDAQ:BFC)

Key Points

• Allianz Asset Management GmbH acquired 2,200 shares of Bank First National Corporation in Q1, amounting to approximately $222,000 in value.
• Bank First National is set to pay a quarterly dividend of $0.45 per share on October 8th, reflecting an annualized yield of 1.5%.
• Recent earnings reports show Bank First National missed expectations with an EPS of $1.71, falling short of the consensus estimate of $1.80.

Allianz Asset Management GmbH bought a new stake in Bank First National Corporation (NASDAQ:BFC - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,200 shares of the company's stock, valued at approximately $222,000.

A number of other large investors also recently modified their holdings of BFC. GAMMA Investing LLC raised its holdings in shares of Bank First National by 17,300.0% in the 1st quarter. GAMMA Investing LLC now owns 1,914 shares of the company's stock worth $193,000 after buying an additional 1,903 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of Bank First National by 2.3% during the fourth quarter. Commonwealth Equity Services LLC now owns 4,731 shares of the company's stock worth $469,000 after buying an additional 105 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Bank First National by 2.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,506 shares of the company's stock valued at $546,000 after acquiring an additional 124 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Bank First National during the 4th quarter worth approximately $287,000. Finally, Northern Trust Corp boosted its stake in Bank First National by 5.6% in the fourth quarter. Northern Trust Corp now owns 95,639 shares of the company's stock worth $9,477,000 after purchasing an additional 5,098 shares in the last quarter. 29.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

BFC has been the subject of several research reports. Wall Street Zen cut shares of Bank First National from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. Hovde Group upgraded Bank First National from a "market perform" rating to an "outperform" rating and set a $130.00 target price for the company in a research report on Tuesday, May 6th. Finally, Piper Sandler boosted their price objective on Bank First National from $115.00 to $137.00 and gave the stock a "neutral" rating in a report on Monday, July 21st.

Bank First National Trading Up 0.1%

Shares of NASDAQ:BFC traded up $0.15 during mid-day trading on Tuesday, reaching $118.07. The stock had a trading volume of 90,168 shares, compared to its average volume of 161,753. The firm has a market cap of $1.17 billion, a PE ratio of 17.04 and a beta of 0.41. The firm has a 50 day simple moving average of $118.99 and a two-hundred day simple moving average of $109.94. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.02. Bank First National Corporation has a twelve month low of $82.50 and a twelve month high of $132.59.

Bank First National (NASDAQ:BFC - Get Free Report) last released its quarterly earnings data on Friday, July 18th. The company reported $1.71 earnings per share for the quarter, missing the consensus estimate of $1.80 by ($0.09). Bank First National had a net margin of 29.04% and a return on equity of 10.81%. The business had revenue of $41.60 million for the quarter, compared to the consensus estimate of $43.85 million. On average, research analysts predict that Bank First National Corporation will post 6.9 EPS for the current fiscal year.

Bank First National Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 8th. Stockholders of record on Wednesday, September 24th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Wednesday, September 24th. Bank First National's payout ratio is currently 25.97%.

Bank First National Company Profile

Bank First Corporation operates as a holding company for Bank First, N.A. that provides consumer and commercial financial services to businesses, professionals, consumers, associations, individuals, and governmental authorities in Wisconsin. It offers checking, savings, money market, cash management, retirement, and health savings accounts; other time deposits; certificates of deposit; and residential mortgage products.